Paraguay is about 5 times bigger than Panama.

Panama is approximately 75,420 sq km, while Paraguay is approximately 406,752 sq km, making Paraguay 439% larger than Panama. Meanwhile, the population of Panama is ~4.3 million people (3.0 million more people live in Paraguay).
This to-scale comparison of Panama vs. Paraguay uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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